Investment Tax Credit

A tax credit is a sum deducted from the total amount a taxpayer owes to the state. A tax credit may be granted for various types of taxes, such as an income tax, property tax, or VAT. It may be granted in recognition of taxes already paid, as a subsidy, or to encourage investment or other behaviors. In some systems tax credits are 'refundable' to the extent they exceed the relevant tax. Tax systems may grant tax credits to businesses or individuals, and such grants vary by type of credit.
Posts about Investment Tax Credit
  • Solar & Wind Tax Credit Extensions Big Boost To Solar & Wind Growth

    … Just in time for the Holidays, after many long months of deliberations and lobbying, the US Congress has approved a five-year extension to the Investment Tax Credit, which has buoyed the country’s solar industry for several years and to the Production Tax Credit, which has similarly been a critical support for the country’s wind energy industry…

    Prince Law Offices, P.C.- 16 readers -